First Commonwealth Financial Corporation

First Commonwealth Financial Corporation

FCFยทNYSE

$18.63

-0.11%
Financial ServicesBanks - Regional

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of December 31, 2021, the company operated 118 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio; corporate banking centers in Pittsburgh, Pennsylvania, as well as Columbus, Canton, and Cleveland, Ohio; and mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake, as well as Lewis Center, Ohio. It also operates 136 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$1.89B
EPS1.4800
P/E Ratio12.59
Earnings Date07/28/2026
First Commonwealth Financial Corporation

First Commonwealth Financial Corporation Fair Value Envelope

FCF ยท NYSE

Our analysis suggests that FCF has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $18.63, this represents a potential HIDDEN relative to our calculated worth for First Commonwealth Financial Corporation.

Intrinsic Value
Current Price: $18.63

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$103.4B
+ Cash & Equivalents$103.3M
Firm Value$103.5B
- Debt$452.3M
Equity Value$103.1B
/ Shares Outstanding104,293,298B
DCF Value$988
UNDERVALUED BY 5204%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$282.1M
$424.4M
$638.4M
$960.3M
$1.4B
$2.2B
$3.3B
$4.9B
$7.4B
$11.1B
Maintenance CapEx
-$4.8M
-$7.3M
-$11.0M
-$16.5M
-$24.8M
-$37.3M
-$56.1M
-$84.4M
-$126.9M
-$190.9M
Owner Earnings
$277.3M
$417.1M
$627.4M
$943.8M
$1.4B
$2.1B
$3.2B
$4.8B
$7.3B
$10.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$256.7M
$357.6M
$498.1M
$693.7M
$966.2M
$1.3B
$1.9B
$2.6B
$3.6B
$5.1B
Terminal Value represents 83.3% of Enterprise Value